Publication Date: 2021-08-25
Practice Area: Mergers and Acquisitions
Industry: Food and Beverage | Health Care
Court: Delaware Superior Court
Judge: Judge LeGrow
Attorneys: For plaintiff: Richard L. Renck, Tracey E. Timlin, Duane Morris LLP, Wilmington, DE; Robert M. Castle, III, Randy D. Gordon, Duane Morris LLP, Dallas, TX for plaintiff.
for defendant: Kenneth J. Nachbar, Miranda N. Gilbert, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; R. Todd Cronan, Joseph P. Rockers, Goodwin Procter LLP, Boston, MA for defendants.
Case Number: D69511
Buyer could pursue fraud claims against seller of companies, even though the companies made the fraudulent misrepresentations, where an anti-reliance clause could not exculpate liability for intra-contractual fraud and where the seller was plausibly alleged to have known of the falsity of the contractual representations.